Bank of New York Mellon Corp trimmed its position in LSI Industries Inc. (NASDAQ:LYTS) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 206,903 shares of the construction company’s stock after selling 1,009 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.81% of LSI Industries worth $1,872,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of LYTS. Essex Investment Management Co. LLC increased its holdings in shares of LSI Industries by 37.5% in the 2nd quarter. Essex Investment Management Co. LLC now owns 185,856 shares of the construction company’s stock valued at $1,682,000 after acquiring an additional 50,705 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in shares of LSI Industries in the 2nd quarter valued at approximately $403,000. Dimensional Fund Advisors LP increased its holdings in shares of LSI Industries by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,772,789 shares of the construction company’s stock valued at $17,887,000 after acquiring an additional 33,638 shares during the last quarter. Northpointe Capital LLC increased its holdings in shares of LSI Industries by 6.0% in the 2nd quarter. Northpointe Capital LLC now owns 587,896 shares of the construction company’s stock valued at $5,320,000 after acquiring an additional 33,197 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of LSI Industries by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 945,777 shares of the construction company’s stock valued at $9,543,000 after acquiring an additional 32,383 shares during the last quarter. Institutional investors and hedge funds own 77.75% of the company’s stock.

LYTS has been the subject of a number of research analyst reports. Roth Capital downgraded LSI Industries from a “buy” rating to a “hold” rating and lowered their price target for the company from $13.00 to $7.00 in a report on Friday, August 4th. Canaccord Genuity reiterated a “buy” rating and issued a $9.00 price target on shares of LSI Industries in a report on Monday, August 7th. Zacks Investment Research downgraded LSI Industries from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Finally, TheStreet downgraded LSI Industries from a “b-” rating to a “c+” rating in a report on Thursday, August 10th.

In other news, VP Howard E. Japlon acquired 10,000 shares of LSI Industries stock in a transaction on Thursday, September 14th. The stock was bought at an average price of $5.90 per share, for a total transaction of $59,000.00. Following the transaction, the vice president now owns 18,500 shares of the company’s stock, valued at $109,150. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP James E. Galeese acquired 9,025 shares of LSI Industries stock in a transaction on Monday, August 21st. The stock was purchased at an average price of $5.53 per share, with a total value of $49,908.25. Following the transaction, the vice president now directly owns 824 shares in the company, valued at approximately $4,556.72. The disclosure for this purchase can be found here. Insiders acquired a total of 42,525 shares of company stock valued at $249,675 in the last quarter. Corporate insiders own 6.37% of the company’s stock.

Shares of LSI Industries Inc. (NASDAQ:LYTS) opened at 6.54 on Tuesday. The company has a market capitalization of $166.82 million, a P/E ratio of 55.42 and a beta of 1.64. The stock has a 50 day moving average price of $6.35 and a 200-day moving average price of $7.96. LSI Industries Inc. has a one year low of $4.99 and a one year high of $11.00.

LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings data on Thursday, August 17th. The construction company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.01). LSI Industries had a return on equity of 3.14% and a net margin of 0.91%. The firm had revenue of $83.42 million during the quarter, compared to the consensus estimate of $86.55 million. During the same quarter in the prior year, the business posted $0.06 EPS. LSI Industries’s revenue was up 3.2% compared to the same quarter last year. Equities research analysts predict that LSI Industries Inc. will post $0.20 earnings per share for the current fiscal year.

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LSI Industries Profile

LSI Industries Inc is a provider of corporate visual image solutions to the petroleum/convenience store industry. The Company designs and develops aspects of the solid-state light emitting diode (LED) lighting, from the electronic circuit board, to the software to drive and control the LEDs, to the structure of the LED product.

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Institutional Ownership by Quarter for LSI Industries (NASDAQ:LYTS)

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